High Tide: From Civil War in Syria to Chinese Soccer Chiefs Sentenced

A roundup of corruption-related news from Dow Jones and other sources. You can also receive a newsletter version of Corruption Currents here.

Bribery:

Mike Lucas

China jailed two ex-chiefs of its soccer association, four former national team players and two others in the culmination of a local anti-corruption probe into the sport. The two former heads of the association each received 10 years and six months in jail for taking bribes. More here, here and here. (AFP, NY Times, Reuters, BBC, AP)

An employee of Oracle Corp. was named in a sex-for-favors corruption case in Singapore. The company’s local spokeswoman declined comment. More here and here. (Reuters, Bloomberg,

The FCPA Blog continues a series on demystifying facilitation payments. Tom Fox has factors to consider for a non-prosecution agreement for an individual in an SEC enforcement action. The FCPAProfessor posted audio of a panel discussion he participated in. Mike Volkov asks what the deal is about state-owned enterprises. Thebriberyact.com considers a catch-22 for Euro 2012 fans. This Week in FCPA, episode 41.

House Democrats say Wal-Mart isn’t cooperating with their investigation. More coverage of the latest in the Wal-Mart scandal is here, here and here. (Corporate Crime Reporter, Univision, Globe and Mail, Real Clear Politics)

A federal judge denied the request of a former New Jersey mayor to remain free pending his sentence for a bribery conviction. (AP)

Indonesia’s KPK is planning to question top executives from Bhakti Investama, including its executive president, Hary Tanoesoedibjo, as witnesses to the bribing of a tax official, a spokesman said. (Jakarta Globe)

Australia’s anti-corruption commission said it’s going to hold a public inquiry into whether a security company bribed officials and provided false information to contracting officials. It doesn’t appear to have been contacted. (Sydney Morning Herald)

Former Indonesian central bank official Miranda Goeltom could soon be indicted for bribery, a spokesman for the anti-graft agency said.

A United Nations official overseeing peacekeeping efforts declared that Syria is in a state of civil war. Arms are flowing to both sides as U.N. officials find themselves fired upon. Fears are rising of a killing spree between Sunnis and Alawites. Syrian forces are killing and sexually abusing children, the U.N. said. More here and here. (BBC, NY Times, BBC, McClatchy, Guardian, Reuters, Reuters,)

The U.N. Security Council was told Tuesday that Syria is involved in nearly every sanctions breach by Iran. An independent panel recommended the Security Council’s Iran sanctions committee slap sanctions on two more Iranian entities. (AFP, Reuters)

Reports said China shipped missile vehicles to North Korea in violation of U.N. sanctions. China denied it. The U.S. said it raised concerns about the issue. (AFP, Reuters, AFP)

More coverage of the settlement reached by ING Bank over violations of U.S. sanctions is available here, here and here. (Reuters, Main Justice, Financial Fraud Law)

Whistleblowers:

Attorney General Eric Holder went to the Senate to testify about “Fast and Furious” and national security leaks, and was hit with a barrage of criticism. More here, here and here. (NY Times, Main Justice, Politico)

The FCPAmericas blog has five things you didn’t know about the SEC’s whistleblower program.

Comments (2 of 2)

The reason why America don't suffer from inflation is because America gets ceap oil from Saudi Arabia. Hear was Indias chance to reduce inflation by buying cheap oil from Iran but no they rather went to listen to America and reduce oil imports from Iran !

8:15 pm June 13, 2012

Anonymous wrote :

Chinas economy is bigger than Americas economy .I don't look at statastics which was probably created by America to keep themselves on top . I look at what is happening on the ground and China looks better than America from planning to infrastructure .

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Corruption Currents, The Wall Street Journal’s corruption blog, digs into the ever-present and ever-changing world of corporate corruption. It is a source of news, analysis and commentary for those who earn a living by finding corruption or by avoiding it. Corruption Currents is written by Christopher. M. Matthews and Sam Rubenfeld and edited by Nick Elliott.

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